SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.049%

Price spread now: GMX against Injective−0.234%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.234% cheaper against Injective than usual: you would sell low and buy high (spread −0.234% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 3.6 days of funding at the current rate (+$6 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SKY/USDC PERP	0.06893	0.0033	pay 0.0004% / 1h	1m 52s	$376	$303K	12x
Short	GMX SKY/USD [ETH-USDC]	0.06877	L +0.0524% / S −0.0248%	get 0.0031% / 1h	1m 52s	$82K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee GMXbpOrdersPrice spread, now −0.234%Rate

Funding earned: $45.06
Price spread: −0.234% → 0.000%: −$23.36
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.69
Costs to cover: 0.120%
Break-even: 5.5 days

Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SKY/USDC PERPlong	+0.0033%	1h	0.06893	long leg	$376	$303K	12x
Lighter SKY	+0.0096%	1h	0.06880	−0.191%	$180K	$117K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06878	−0.225%	$72K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06879	−0.197%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06879	−0.203%	$15.6M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06874	−0.276%	$7.2M	$3.1M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06874	−0.276%	$804K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06874	−0.276%	$586K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06877	−0.232%	$1.0M	$270K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06880	−0.189%	$403K	$292K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.06877	−0.232%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06876	−0.247%	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06886	−0.105%	$184K	$98K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06888	−0.073%	$26K	$646K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06879	−0.207%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0141%	4h	0.06887	−0.087%	$583K	$31K	75x	as long as short
Hyperliquid SKY	+0.0205%	1h	0.06890	−0.045%	$2.8M	$867K	3x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0524% / S −0.0248%	1h	0.06877	−0.234%	$82K	—	50x